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Financial Institution Regulation in Botswana Takes Centre Stage

The Bank of Botswana is intensifying its efforts to promote financial stability in the country through stringent regulation and supervision of banks and other financial institutions. In line with its objectives, the central bank has established a robust framework that incorporates the following key regulations:

Key Regulatory Frameworks

• Banking Act
• Banking Regulations 1995
• Bureaux de Change Regulations 2004
• Relevant Directives

Promoting Market Integrity and Fair Business Practices

In pursuit of market integrity, competition, fair business practices and high governance standards, the Bank of Botswana engages in regular consultation with industry players to foster an environment conducive to effective banking supervision. As part of its commitment to upholding international regulatory and accounting standards, the institution has pledged to maintain a high standard of professional conduct.

Operational Activities

The operational activities of the Bank of Botswana include:

• Setting clear criteria for market entry as outlined in the Licensing Policy
• Updating prudential policies and standards regularly
• Monitoring solvency, liquidity and risk management strategies among others

Protecting Consumers from Unlicensed Activities

Botswana’s financial regulator has emphasized its commitment to protecting consumers from unlicensed deposit-taking activities and practices. To achieve this objective, the Bank of Botswana monitors and investigates such incidents promptly.

Getting in Touch with Prudential Authority and Payments Oversight

For more information regarding regulation and oversight in the country’s financial sector, contact:

• Prudential Authority and Payments Oversight: (267) 3606354
• Email: baloyik@bob.bw